Failure to Satisfy Listing Rule Form 8 K

On June 28, 2024, LuxUrban Hotels Inc. (the "Company") received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that, for the prior 30 consecutive business days (through June 27, 2024), the closing market value of listed securities (MVLS) of the Company's Common Stock, $0.00001 par value per share ("common stock") and 13.00% Series A Cumulative Redeemable Preferred Stock, $0.00001 par value per share ("preferred stock", and collectively with the common stock the "securities") had been below the minimum of $35 million required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2). The notice stated that the Company would be afforded 180 calendar days (until December 26, 2024) to regain compliance. In order to regain compliance, the closing MVLS of the Company's securities must be at least $35 million for a minimum of ten consecutive business days. If the Company does not regain compliance within the 180-day period, the securities will be subject to delisting.

The notice has no effect at this time on the listing of the Company's common stock or preferred stock, which will continue to trade uninterrupted under the symbol "LUXH" and "LUXHP" respectively. The Company intends to consider all available options to regain compliance with the Nasdaq listing standards.